Benchmark BSE Sensex surges 442.61 points on buying in HDFC Bank and ICICI Bank

Stock markets rebounded on buying in HDFC Bank and ICICI Bank, with the BSE Sensex surging 442.61 points or 0.54% to settle at 82,200.34. The Nifty closed above the 25,000 level, jumping 122.30 points or 0.49% to 25,090.70. Firm trend in Asian markets and fresh foreign fund inflows supported the markets. HDFC Bank climbed 2.19% despite a 1.31% decline in its consolidated net profit, while ICICI Bank jumped 2.76% with a 15.9% jump in its consolidated net profit.

Indian stock markets rebounded on Monday, July 21, 2025, as the BSE Sensex surged 442.61 points or 0.54% to settle at 82,200.34. The Nifty closed above the 25,000 level, jumping 122.30 points or 0.49% to 25,090.70. The positive performance was driven by strong Q1 earnings from HDFC Bank and ICICI Bank, which offset global trade headwinds.

HDFC Bank climbed 2.19% despite a 1.31% decline in its consolidated net profit, while ICICI Bank jumped 2.76% with a 15.9% jump in its consolidated net profit. The results from these two financial giants boosted investor confidence, leading to a firm trend in Asian markets and fresh foreign fund inflows.

The Sensex and Nifty indices started the day on a flat note but recovered quickly, indicating a positive sentiment among investors. The opening trade saw Axis Bank and Mahindra & Mahindra drop up to 2% each, but the market soon recovered, with the Sensex jumping over 200 points in the pre-open session.

The market's resilience was further supported by a surge in demand for euro-denominated bonds among emerging markets, driven by a desire to diversify away from the U.S. dollar. Additionally, the White House is evaluating the possibility of allowing 401(k) retirement plans to include private equity investments, which could signal a shift in investor participation in private markets.

However, the market was not without its challenges. The Japanese yen strengthened due to political uncertainty following the ruling coalition's failure to retain its majority in the upper house. This setback comes just ahead of crucial tariff talks with the United States, raising concerns over policy direction and market stability.

In the broader market, Nifty IT traded lower, dragged by weakness in Wipro, HCL Tech, Mphasis, and Infosys. Oil & Gas, PSU Bank, and Pharma indices also traded in the red. The Indian market closed lower on Friday, extending its losing streak to a third straight week as investor sentiment stayed weak due to lackluster earnings from key financial and IT companies, along with ongoing global trade uncertainties.

Despite these challenges, the positive earnings from HDFC Bank and ICICI Bank provided a much-needed boost to the market, helping it recover from the previous week's losses. As the market continues to navigate global trade uncertainties and political risks, investors will be closely watching the earnings reports and market sentiment for further guidance.

References:
[1] https://m.economictimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-21-july-2025/liveblog/122804361.cms